Merchandise trade deficit soars to $37.84 billion in November compared to $27.1 billion in October

India's merchandise trade deficit hit an all-time high of $37.84 billion in November, soaring widely from $27.1 billion in October, amid a spike in import bill. Surging gold imports and falling exports also had an impact. Petroleum product exports contracted sharply by 49.7% to $3.72 billion in November 2024.

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